Australia's Nuix sees best day ever after former CEO's claims against co dismissed
07/02/2023 04:11
** Shares of Nuix Ltd NXL.AX surge as much as 41.4% to
A$1.28
** Stock on track for best day ever, if gains hold
** Software firm says Australia's federal court has
dismissed former chief executive Edward Sheehy's claims against
co
** Former CEO filed proceedings in Oct 2020, claiming
damages of up to A$183 mln ($127.00 mln) on grounds that he
suffered damage from not able to sell about 22.7 mln shares
** Says it successfully defended legal proceedings and
Sheehy is not entitled to any monetary compensation from co
** Stock hits its highest level since April 2022
** Stock had risen ~45% this year, as of last close
($1 = 1.4409 Australian dollars)
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))